First Western Financial, Inc. (NASDAQ:MYFW) Director Sells $163,658.00 in Stock

First Western Financial, Inc. (NASDAQ:MYFW) Director David R. Duncan sold 8,600 shares of First Western Financial stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total transaction of $163,658.00. Following the completion of the sale, the director now owns 8,760 shares in the company, valued at $166,702.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

First Western Financial Trading Down 0.4 %

Shares of NASDAQ:MYFW opened at $18.94 on Friday. The company has a 50-day simple moving average of $19.64 and a 200 day simple moving average of $18.09. The company has a market capitalization of $182.96 million, a P/E ratio of 30.55 and a beta of 0.62. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.13. First Western Financial, Inc. has a 52-week low of $12.84 and a 52-week high of $21.87.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The business had revenue of $45.06 million during the quarter, compared to analyst estimates of $24.10 million. First Western Financial had a net margin of 3.33% and a return on equity of 2.45%. During the same period in the previous year, the business earned $0.32 earnings per share. Sell-side analysts forecast that First Western Financial, Inc. will post 0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MYFW. Keefe, Bruyette & Woods lowered their target price on First Western Financial from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Piper Sandler boosted their price target on First Western Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, Hovde Group raised their target price on shares of First Western Financial from $21.00 to $23.50 and gave the company an “outperform” rating in a research note on Wednesday, August 28th.

Hedge Funds Weigh In On First Western Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings in shares of First Western Financial by 67.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock worth $58,000 after buying an additional 1,599 shares during the period. ELCO Management Co. LLC bought a new stake in shares of First Western Financial during the second quarter worth approximately $194,000. Hsbc Holdings PLC bought a new stake in shares of First Western Financial during the second quarter worth approximately $210,000. Sippican Capital Advisors acquired a new position in shares of First Western Financial in the third quarter valued at approximately $272,000. Finally, Empowered Funds LLC increased its stake in shares of First Western Financial by 7.6% during the first quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock worth $325,000 after purchasing an additional 1,575 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

First Western Financial Company Profile

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.